someone richer and dafter than him.
Ipswich have a goal of reaching the prem. Operating at that level will cost far more (see Hull?s financial position now). When they are currently running at a 10m operating loss and that is forecast to be much worse next year, then money has to come from somewhere ? ie more loans. ME wont just give them money, firstly as it puts him out of pocket, secondly as they would lose money to the tax man. If it?s a loan then it is not taxable.
So the financial position at Ipswich only has one way to go. And that?s further south of the border than they are now!
If some crazy billionaire buys the debt off ME that is the only realistic way of them getting around the dire situation (unless ME decides to become charitable and write off the debt)
Posted By: Tony Martin on November 3rd 2009 at 12:12:13
Message Thread
- More on the scum stuff below (Other Football) - CB41, Nov 3, 11:58:00
- I loved it when all those Ippos came on here boasting about how they were "debt free" (Other Football) - Old Git, Nov 3, 12:00:42
- exactly, owing the debt to him is a much worse situation than owing it to a bank! (n/m) (Other Football) - Tony Martin, Nov 3, 12:03:44
- Indeed. However, he is kind of tied to them untill it reduces (n/m) (Other Football) - CB41, Nov 3, 12:02:52
- it wont ever reduce! it will only get greater unless he writes it off. (n/m) (Other Football) - Tony Martin, Nov 3, 12:04:56
- Some who replied to the TWTD article i posted claims (Other Football) - Klobo04, Nov 3, 12:23:59
- Or he could flog it to someone else, or he could decide to take revenue out of the club (Other Football) - Old Git, Nov 3, 12:04:56
- But who would buy it? They have no assets to strip (n/m) (Other Football) - CB41, Nov 3, 12:06:59
- someone richer and dafter than him. (Other Football) - Tony Martin, Nov 3, 12:12:13
- Some other dodgy egomaniac (n/m) (Other Football) - Old Git, Nov 3, 12:08:08
- I love the way he isa referd to as "a hotel entrepreneur" (n/m) (Other Football) - CB41, Nov 3, 12:09:42
- But who would buy it? They have no assets to strip (n/m) (Other Football) - CB41, Nov 3, 12:06:59
- it wont ever reduce! it will only get greater unless he writes it off. (n/m) (Other Football) - Tony Martin, Nov 3, 12:04:56
- I loved it when all those Ippos came on here boasting about how they were "debt free" (Other Football) - Old Git, Nov 3, 12:00:42
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